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peer accountability and promoting financial inclusion for low-income borrowers, particularly women.The Grameen Bank model inspired the creation of similar institutions globally, including BRAC in 1972 and ASA in 1978 in Bangladesh, and PRODEM in Bolivia, which later became the for-profit BancoSol in 1986. Simultaneously, savings and credit cooperatives, organized in regional associations under the aegis of the World Council of Credit Unions (WOCCU), were establishing and promoting access at the grassroots level to small amounts of credit throughout

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